Updated Sep 5, 2024
The Jacobs Family Acquires Multifamily Property In Williamsburg, Brooklyn For $3.25M
89 South 6th Street
$3,800,000
$729/SF
Building Size
5,210 SF
Asset Type
MultiFamily
Closing
Oct 31, 2022
About this deal
AI
The property at 85-89 South 6th Street in Williamsburg, Brooklyn has been sold in a recent transaction. The multifamily asset spans 5,210 square feet and was sold for a total price of $3,250,000, resulting in a price per square foot of $624. The property is located in the vibrant market of Williamsburg, Brooklyn.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,250,000
- Address: 85-89 South 6th Street
- Market: Williamsburg, Brooklyn
The buyer of the property is The Jacobs Family, while the seller is The Ekahn Family. The deal was facilitated by brokers Shaun Riney, Michael Salvatico, and Sam Leppo, representing Marcus & Millichap.
Additional details of the transaction include the price per square foot breakdown. The commercial buildable square footage has a price of $347 per square foot, while the residential buildable square footage has a price of $537 per square foot.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Samuel (Sam) Leppo to view all their deals.
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93